Core Insights - The article highlights the distinct development paths of Nantong and Chengdu during the 2026 Spring Festival, reflecting new demands in housing and the vitality of commercial consumption in China [1][11]. Group 1: Nantong's Housing and Consumption - Nantong's real estate market focuses on "policy precision and service convenience," launching a "New Spring Home Purchase" initiative with 74 projects participating in community benefit activities [2][13]. - The city aims to meet diverse needs such as returning home buyers, talent housing, and senior living through various housing options, from small units to larger apartments [2][13]. - The commercial area of Tangzha Ancient Town saw significant visitor engagement, with over 66,000 tourists during the first two days of the new year, a 50% increase from the previous year [3][14]. - The bustling atmosphere led to a 189% increase in sales for local merchants and market stalls, showcasing strong consumer activity and traditional festive spirit [3][14]. Group 2: Chengdu's Urban Quality and Commercial Real Estate - Chengdu emphasizes "livable quality" in its housing market, with the Luhua community as a model, featuring 8,300 acres of land and a 2,100-acre artificial lake [7][18]. - The city’s commercial real estate sector is thriving, leveraging "scene innovation" and "first-store economy" to attract consumers, becoming a top destination for national consumption [9][20]. - Chengdu's Spring Festival activities included over 90 brands launching limited-time offers, enhancing customer engagement through upgraded flagship stores and unique experiential events [9][20]. - The integration of cultural and commercial elements, such as the large-scale lantern displays and tech-driven experiences, reflects the city's dynamic approach to urban development and consumer engagement [9][20]. Group 3: Economic Implications - Both cities represent contrasting yet complementary aspects of China's economic recovery, with Nantong focusing on stability and foundational growth, while Chengdu showcases vibrant consumer culture and innovation [11][22]. - The developments in Nantong and Chengdu illustrate a broader narrative of China's economic stabilization and the strengthening of internal demand, highlighting the importance of housing and consumption in urban growth [11][22].

Core Viewpoint - The article highlights the rapid development of Feicheng, Shandong Province, emphasizing its economic growth, geographical advantages, and cultural significance, while encouraging tourism and investment in the region [22]. Geography: "Peach Capital of China" - Feicheng is located in central Shandong, near Mount Tai, with a favorable climate and fertile soil, making it famous for its peaches [23][26]. - The city has excellent transportation links, being approximately 30 kilometers from Tai'an and 60 kilometers from Jinan, with ongoing construction of a general aviation airport to enhance connectivity [26][27]. Culture: "City of Gentlemen" - Feicheng is influenced by Confucian culture, emphasizing etiquette and relationships, with a unique local dialect that fosters social connections [29]. - The city has a rich historical legacy, producing notable figures and having a significant role in the anti-Japanese war, with memorials serving as educational sites [30]. Economy: Nationally Ranked and Industrial Upgrading - Feicheng ranks among the top 100 counties in China, with a projected GDP of 965.6 billion yuan for 2024, reflecting a growth rate of 6.4% [33]. - The city has a strong industrial base, focusing on special steel, high-end equipment, and new energy sectors, while agriculture, particularly peach cultivation, remains a key economic driver [33][12]. - Recent initiatives include the development of a 300MW advanced compressed air energy storage demonstration project, with a total investment of 34 billion yuan in new energy projects [37][38].

Core Insights - Dalian has become the first "trillion-yuan city" in Northeast China, showcasing its industrial vitality and economic strength during the 2026 Spring Festival [1][13] - The Dalian Port, as the largest comprehensive port in Northeast China, reported a container throughput of over 5.4 million standard containers in 2025, ranking fourth globally, with a year-on-year growth of 3.6% in foreign trade container throughput [1][13] Industry Overview - Dalian has developed traditional industrial clusters centered around petrochemicals and equipment manufacturing, which constitute over 80% of its manufacturing sector [2][15] - The petrochemical industry in Dalian is the largest in Northeast China, with a complete industrial chain from crude oil processing to fine chemicals [3][16] Growth and Transformation - The petrochemical sector is expected to achieve steady growth, aiming to establish a 500 billion yuan green petrochemical industry cluster by 2025, with an industrial added value growth of 8.9% [3][16] - Dalian's industrial transformation is characterized by a shift from "heavy oil" to "light chemicals" and from "quantity" to "quality," supported by the "Three-Year Action Plan for the Cultivation and Enhancement of the Green Petrochemical Cluster" [3][16] Innovation and Research - The Dalian Institute of Chemical Physics is a key driver of innovation, focusing on core technology breakthroughs in energy chemistry and fine chemical materials [5][17] - The institute has established a comprehensive transformation system from basic research to engineering and industrialization, effectively bridging the gap between laboratory breakthroughs and production [5][19] Future Development - Dalian aims to cultivate seven industrial clusters worth over 100 billion yuan during the 14th Five-Year Plan period, including a 500 billion yuan green petrochemical cluster and an 180 billion yuan equipment manufacturing cluster [8][20] - The city is actively developing a new materials industry park in the Puwan Economic Zone, focusing on critical material technology advancements and promoting the cluster's high-end development [8][20]

Core Viewpoint - The article highlights the growing sports culture in Suzhou, emphasizing the emergence of new sports facilities and the increasing demand for sports apparel, driven by a shift towards active lifestyles and family-oriented recreational activities [1][2][18]. Group 1: Sports Facilities Development - The Suzhou Taihu Cycling Sports Park, which opened on February 1, is the first comprehensive cycling park in the Yangtze River Delta, featuring a 5-kilometer XC trail and a 3,600-square-meter pump track, attracting significant public interest [1][2]. - The Taicang Alps Snow World has become a popular family vacation destination, offering various winter activities and aiming to enhance the ice and snow economy with plans for the world's longest indoor snow track and the first AI smart snow park [6][7]. - The River Training Base for pickleball is set to open in March 2026, featuring 21 international standard courts and aiming to establish a comprehensive ecosystem for the sport, including talent cultivation and international events [11][12]. Group 2: Emerging Sports and Consumer Trends - The rise of ice and snow sports is creating new consumer demands, with a notable increase in the rental and sale of stylish and functional ski apparel during the holiday season, particularly among young people and families [7][12]. - Pickleball, characterized by its low entry barrier and high fun factor, is gaining popularity, and the River Training Base is expected to drive demand for lightweight sports apparel and durable footwear [12][14]. - The Taicang Cricket Sports Center, set to open in late 2026, aims to become a hub for cricket in China, with a focus on youth training and hosting top-tier events, which will stimulate demand for specialized cricket apparel [14][17]. Group 3: Market Opportunities in Sports Apparel - The development of new sports venues is transforming consumer behavior from merely watching sports to actively participating, thereby driving the demand for professional sports gear [17]. - The sports boom in Suzhou is expected to create three major opportunities for the sports apparel market: rapid growth in demand for professional gear, expansion of niche markets for emerging sports, and a trend towards fashionable sportswear that integrates into everyday life [17][18].

Core Viewpoint - Shenzhen has transformed from a small fishing village into a global innovation hub, showcasing its technological prowess and commitment to becoming a benchmark for China's socialist development model [1][25]. Group 1: Historical Context and Development - The establishment of the Shekou Industrial Zone in 1979 marked the beginning of Shenzhen's transformation, symbolized by the phrase "Time is Money, Efficiency is Life" to attract investment [2][4][31]. - The founding of Huawei in 1987 by Ren Zhengfei in Shekou highlights the entrepreneurial spirit that emerged during this period, leveraging initial capital from Hong Kong [4][28]. Group 2: Industry Growth and Key Players - Foxconn, established by Terry Gou in 1988, became the world's largest electronics manufacturing services provider, benefiting from Shenzhen's cost advantages and industrial ecosystem [6][31]. - Shenzhen's EMS capabilities have empowered global tech innovation, with companies like Foxconn, Luxshare Precision, and BYD Electronics playing significant roles in the supply chain [9][33]. Group 3: Current Trends and Future Outlook - Shenzhen is positioning itself as a leader in AI and robotics, with over 2,600 AI enterprises and projected revenue of approximately 220 billion yuan by 2025 [15][39]. - The "Robot Valley" in Shenzhen is emerging as a global innovation center for robotics, supported by a robust ecosystem of over 74,000 related enterprises and numerous educational institutions [19][39]. Group 4: Commercial Landscape - Huaqiangbei, known as "China's Electronics First Street," hosts a vast network of businesses and attracts over 7,000 foreign visitors daily, reflecting its significance in the global electronics market [11][35]. - The area is characterized by a practical and efficient business model, enabling startups to thrive, including notable companies like Ugreen Technology and Transsion Holdings [12][36].

Core Insights - The article highlights the transformation of Pingdu, a city in Shandong Province, from an agricultural base to a hub for advanced industries, including food processing and chemical manufacturing, showcasing its economic growth and development potential [1][10]. Agricultural Sector - Pingdu is recognized for its rich agricultural heritage, producing high-quality products such as celery and grapes, with significant contributions to the national food supply [2][11]. - The city is a major exporter of kimchi, holding over 60% of the market share in South Korea, with an annual export volume exceeding 200,000 tons [2][11]. - In 2024, Qingdao's vegetable planting area reached 112,000 hectares, with a total output of 7.039 million tons, highlighting the region's agricultural productivity [2][11]. Chemical Industry - The Qingdao New River Ecological Chemical Technology Industrial Park in Pingdu is a key player in the chemical sector, focusing on ecological practices and innovative technologies [3][12]. - The park has a significant underground brine reserve of approximately 30 million tons and is surrounded by extensive salt fields, providing essential raw materials for chemical production [4][12]. - By May 2025, the park had attracted 84 enterprises with a total investment of around 53 billion yuan, forming three major industrial clusters valued at over 10 billion yuan each [4][15]. Beauty Industry - The eyelash industry in Pingdu has evolved from small-scale workshops to a sophisticated manufacturing sector, producing 80% of China's and 70% of the world's eyelash products, with an annual output value of 10 billion yuan [6][17]. - The industry employs approximately 50,000 to 60,000 people and has integrated advanced technologies such as 3D printing and automation to enhance production efficiency [6][17]. - Each year, around 20 billion pairs of beauty eyelashes are exported globally, establishing Pingdu as a significant player in the beauty market [6][17]. Economic Growth - In 2025, Pingdu's GDP surpassed 101 billion yuan, ranking it seventh among Shandong's counties and cities with a GDP over 100 billion yuan [8][19]. - The city has successfully integrated its agricultural, chemical, and beauty industries, creating a robust economic ecosystem that supports sustainable growth [8][19].

近期受关注事件 经济观察网 根据申万宏源集团股份有限公司（股票代码：000166）近期公告和市场信息，以下是截至 2026年2月20日值得关注的事件摘要，主要基于公司披露的公告和公开信息。 申万宏源证券有限公司2026年非公开发行公司债券（第一期）已于2026年1月28日完成发行，规模24亿 元，并于2026年2月3日起在深圳证券交易所挂牌转让。债券分为两个品种，期限和利率均已公布，后续 交易情况值得留意。 以上事件基于公开信息整理，具体细节以公司官方公告为准。 以上内容基于公开资料整理，不构成投资建议。 对于"21申宏02"债券，申万宏源集团已下调票面利率至1.30%，投资者回售登记期已于2026年2月2日至2 月6日结束。回售资金预计于2026年3月9日到账，该事件可能对公司的现金流和负债结构产生影响。 公司于2026年1月27日发布了2025年度业绩预告，预计净利润同比增长61.59%至77.59%。正式的2025年 年度报告尚未披露，通常会在业绩预告后数月内发布，具体时间需关注后续公告。 ...

Group 1 - The new packaging and testing facility by Tongfu Microelectronics in Suzhou is set to be completed by November 2024, covering an area of 155 acres and focusing on high-end packaging for advanced processors, with an expected annual output value of approximately 10 billion yuan [2][4] - The role of packaging in the semiconductor industry is evolving, becoming more like a system engineering process that requires higher I/O density and stricter thermal and reliability constraints [4] Group 2 - The new appliance recycling and subsidy program in Suzhou encourages consumers to upgrade to energy-efficient and smart products, with a 15% subsidy for qualifying appliances and a cap of 1,500 yuan per item, valid until December 31, 2026 [5] - The upgrade of Suzhou North Station is enhancing the efficiency of transportation and logistics, with the new hub expected to accommodate 10 platforms and 24 lines, improving accessibility and reducing friction costs in talent mobility and supply chain organization [6][8] Group 3 - The combination of advanced packaging capabilities, improved consumer processes, and upgraded transportation infrastructure is providing solid support for the continuous growth of the electronics industry in Suzhou [8]

春节期间，我回到山东青岛老家，在泰康琴园看望老人的过程中，近距离感受到这座宜居海滨城市养老产业的蓬勃发展。作为已步入中度老龄化社会的城 市，青岛在政策引导和推动下，养老服务体系日趋完善。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 作者：申万宏源研究轻工团队 魏雨辰 一、青岛养老现状：进入中度老龄化社会，政策引导需求增长及供给升级 根据青岛政务网，截至2024年底，青岛全市1037万常住人口中老龄人口达238万，老龄化率23.0%，较全国高1.9pct，已进入中度老龄化社会，老年人养老服 务需求旺盛，并且呈现出多层次、多样化、个性化的特点。青岛市政府通过政策支持，推动需求增长和供给升级：需求端，从提高养老金、提高高龄补贴标 准、提高兜底保障标准等多项措施入手提高老年人支付能力，同时通过各项措施提高老年人养老消费意愿，例如农村养老服务消费引导补贴政策，全市农村 70周岁及以上老年人购买居家养老服务时，享受6折优惠。供给端，推动设施转型升级，将敬老院和社区设施转型为专业化的综合养老服务中心；扩大养老 床位及高端养老服务供给；深化医养结合及智慧养老，强化人才与科技支撑。根据青岛日报，2 ...

提起这一地名，本地有"新郑不新"之说，春秋时期郑国迁都于此，相对旧都故称"新郑"。但这片土地又 不断创造着新事物，她见证了2700多年前那次新旧"国际秩序"交替的开端，因此中学课文中大家所熟知 的《左传》开篇故事就发生在这里。此后，这里走出了战国时期变法图强的理论先驱韩非子、唐代诗歌 革新运动旗手白居易、明末为张居正改革提前铺垫的高拱（影视剧《大明王朝1566》中的高阁老原 型）…… 开拓创新因而也一直刻在河南人民的基因里。当今在"新消费"和"新质生产力"领域勇立潮头的创业者 们，正立足河南、走向世界。 一、河南新消费三杰：胖东来、蜜雪、泡泡玛特 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 作者：申万宏源策略冯彧 前方从中原大地发来马年祝福~ 今年春节回到河南省新郑市。来豫的投资人可能并不陌生，大多第一站会落地郑州新郑国际机场。这次 我也从这里开启"老家河南"之旅。 从舌尖上的性价比到情绪消费，三个河南人掌控了中国年轻人的吃喝玩乐。 新年腊月二十八，正是居民采买年货旺季。为应对客流压力，胖东来许昌时代广场店开启"迪士尼"模 式：外墙大屏幕上清晰地列示功能分区，商场和超市进行分隔管 ...